$BTC has experienced significant volatility recently, with its price fluctuating considerably. As of today, February 7, 2026, Bitcoin's price is around $69,383.82, showing a 24-hour increase of +4.72%.
Here's a breakdown of recent movements and technical indicators:
Recent Price Action:
Bitcoin's price has seen a general downtrend over the past few weeks. In the last four weeks, Bitcoin lost 25.27%, and over the last 12 months, its price fell by 29.64%.
It recently rebounded above $65,000 from a two-year low of $60,000, as investors capitalized on lower prices.
Despite this rebound, Bitcoin's price has fallen below pre-November 2024 election levels and is trading under $67,000. This decline has been linked to investors pulling out of speculative assets and concerns about cryptocurrency regulation.
Over $2.65 billion in leveraged positions were liquidated during a recent downturn.
Technical Indicators:
Market data shows Bitcoin's price at approximately $67,897.00, with a 24-hour change of +3.13%.
The circulating supply is around 19,967,780 BTC, and the market capitalization is approximately $1,355,752,392,272.
Technical analysis indicates a "Strong Sell" signal based on various moving averages (MA5 to MA200), with 0 buy signals and 12 sell signals.
The 14-day Relative Strength Index (RSI) for Bitcoin is around 45.903, suggesting a "Neutral" outlook.
The 50-day moving average is at $67,947.6, indicating a "Buy" signal, while the 5-day moving average is $69,795.9, suggesting a "Sell" signal.
Future Outlook:
Some forecasts predict Bitcoin to be priced at $80,476 by the end of this quarter and $88,401 in one year.
A potential rebound could see Bitcoin moving back towards $75,000 over the next few weeks if it consolidates in the $66,000–$70,000 area. However, an additional downside impulse could push it towards $50,000.
A breakout above $90,000 would make a reversal of the downtrend more likely.